A federal court in Nashville has cleared the way for renters nationwide to collect a share of $359,925,000 in cash from RealPage, Inc. and roughly a dozen of the country’s largest apartment landlords, who stand accused of using RealPage’s pricing software to coordinate rent increases instead of competing against each other for tenants. The proposed settlements resolve consolidated antitrust claims without any finding that the companies broke the law. Renters who paid rent on a covered lease between October 18, 2018, and November 21, 2025, have until January 29, 2027, to file a claim, and no money goes out to anyone who misses that deadline.
Which Renters the $359.9 Million RealPage Settlement Covers
The settlement class covers anyone in the United States or its territories who signed a lease and paid rent directly to a landlord, property manager, or owner-operator on a unit where that owner held a license for one of RealPage’s revenue-management products — Lease Rent Options, YieldStar, or AI Revenue Management — at any point between October 18, 2018, and November 21, 2025. That window covers roughly seven years of leases, and the properties involved span major metro areas nationwide, since RealPage’s software has been licensed by some of the largest multifamily landlords in the country.
Renters do not need to prove they were overcharged by a specific dollar amount to qualify; membership in the class turns on whether the building’s owner held a software license during the class period, not on whether an individual renter can produce evidence of a price increase. The settlement website includes a lookup feature that lets a renter check whether a specific address or landlord is covered, since many properties changed ownership or software vendors during the seven-year window and coverage can be hard to determine from a lease alone.
The size of an individual payment is expected to vary by how long a renter lived under a covered lease and how the settlement’s court-approved Plan of Allocation divides the net fund; the agreements do not set a flat per-renter dollar figure, and the amount any single claimant receives depends on how many valid claims are filed and how administrators weigh each renter’s covered lease time against everyone else’s.
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The Price-Fixing Allegations Behind the RealPage Cases
The consolidated lawsuit, In re: RealPage, Inc., Rental Software Antitrust Litigation (No. II), accuses RealPage of running a mechanism that let competing landlords coordinate pricing without ever picking up the phone. Plaintiffs allege landlords fed RealPage their own occupancy, lease-renewal, and rent data, and RealPage’s software pooled that competitively sensitive information across properties before recommending rents back to each landlord — turning what should have been separate, competing pricing decisions into a shared pricing strategy across an entire market that plaintiffs say produced higher rents than a competitive market would have allowed.
RealPage and the settling landlords deny any wrongdoing and say they have valid defenses; under the terms filed with the Middle District of Tennessee, which is overseeing the consolidated Sherman Act case, the settlements resolve the claims without a trial and without any court ruling on whether the alleged pricing scheme actually violated antitrust law. Money will move out of a court-approved settlement fund rather than from an admission that renters were overcharged, and deductions for taxes, notice and administration costs, service awards, and attorneys’ fees come out of the fund before any renter’s share is calculated.
The $359,925,000 figure is not a single lump-sum deal with one company; it is the running total of a series of agreements reached with RealPage and individual landlord defendants as each opted to settle rather than continue litigating. The court preliminarily certified a renters settlement class in November 2025 covering the first group of agreements, and plaintiffs presented eleven additional settlement agreements for preliminary approval in May 2026 — meaning the fund has grown as more landlords chose to resolve their piece of the case instead of proceeding toward trial.
How to File a Claim Before the January 29 Deadline
Filing is the only way to collect: the settlement does not distribute money automatically, and renters who qualify but never submit a form will not receive anything from the fund. A completed Claim Form must be submitted online or by mail so that it is received by the settlement administrator no later than 11:59 p.m. Eastern on January 29, 2027 — a deadline that consumer-law trackers list among the larger active class-action windows currently open, given the size of the fund and the number of leases potentially covered.
Claim Forms can be submitted online through the settlement website or mailed directly to the settlement administrator, and renters who want a paper form can request one by phone or email using the contact information listed on the settlement notice. There is no cost to file a claim, and no lawyer is required to participate; the deadline applies the same way whether a renter files online or by mail, since the form has to arrive by January 29, 2027, not merely be postmarked by that date.
A federal Fairness Hearing on the settlement terms is scheduled for October 15, 2026, before U.S. District Judge Waverly D. Crenshaw Jr. in Nashville, where the court will weigh any objections before finalizing how the net fund — after fees and administrative costs are deducted — gets divided among renters who filed on time. Renters who chose to exclude themselves from the class by the September 1 deadline gave up any claim to settlement money but preserved the right to sue RealPage separately over the same allegations.
This article was produced with the assistance of AI and reviewed by The Money Overview editorial team before publication.
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